74 slain at oil field in Ethiopia – Africa

What do you want to bet that this adds at least a dime to each gallon of gas you bug over the next few months? There is nothing like supply disruption fears to cause the price of crude to jump.

ADDIS ABABA – Gunmen raided a Chinese-run oil field in eastern Ethiopia on Tuesday, killing 65 Ethiopians and nine Chinese workers, an official of the Chinese company said.

Seven Chinese workers were kidnapped in the morning attack at the oil installation in a disputed region near the Somali border, Xu Shuang, the general manager of Zhongyuan Petroleum Exploration Bureau, told The Associated Press.